๐จ $ZEC just suffered a sharp breakdown โ is another leg down coming?
On the 1H chart, sellers have taken control after a heavy rejection from the 1,270 area.
๐ป Short setup to watch:
Current price: 1,139
Immediate resistance: 1,155โ1,165
Next resistance: 1,193
Key support: 1,126.83
My approach: Iโm watching for a weak bounce into 1,155โ1,165 followed by rejection before considering a short. A clean break below 1,126.83 could signal further downside.
โ ๏ธ After such a sharp drop, avoid chasing. Wait for confirmation.
Would you short the bounce or wait for support to break?
On the 1H chart, sellers have taken control after a heavy rejection from the 1,270 area.
๐ป Short setup to watch:
Current price: 1,139
Immediate resistance: 1,155โ1,165
Next resistance: 1,193
Key support: 1,126.83
My approach: Iโm watching for a weak bounce into 1,155โ1,165 followed by rejection before considering a short. A clean break below 1,126.83 could signal further downside.
โ ๏ธ After such a sharp drop, avoid chasing. Wait for confirmation.
Would you short the bounce or wait for support to break?
